Fidelity's Price: Three EM areas offering 'compelling value'

Improved sentiment to the region

clock • 3 min read

As sentiment towards emerging markets picks up, Fidelity Emerging Market fund manager Nick Price highlights three areas he believes are well placed to benefit structurally from the improved outlook.

The customer is king The consumer sector remains the area that the Fidelity Emerging Markets fund is most heavily exposed to; and our holdings across both the discretionary and staples sectors cover a very broad range of businesses that are all expected to benefit from the growing middle class in emerging markets and the formalisation of employment and retail. FEMSA, the Mexican consumer discretionary name, has detracted from relative performance as devaluation of the peso had a big impact on returns. However, the underlying investment thesis remains intact. We expect earnings growt...

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